Ex Gratia definition
Examples of Ex Gratia in a sentence
Notwithstanding anything to the contrary herein, the Reinsurer shall have no liability for any (x) Ceding Company Extra-Contractual Obligations or (y) Ex Gratia Payments absent the Reinsurer’s prior written consent; provided, however, that any Ex Gratia Payments made or approved by any affiliated or unaffiliated Reinsurer Appointed Administrator shall be deemed to be a payment consented to in writing by the Reinsurer.
The formula for calculating the amount of an Ex Gratia Payment in respect of a Certificate is: EGP is the amount of the Ex Gratia Payment for a Certificate.
Effective as of the Distribution Date, ITT shall cause the transfer of the Ex Gratia Plan to Defense identified as Item 2 on Schedule 3(a)(ii) along with all liabilities accrued under the plan with the exception of any liabilities identified on Schedule 3(a)(ii).
The Parties have agreed as set out in this letter agreement (the ‘Supplemental Letter’) to engage with one another on an on-going and without prejudice basis during the Applicable Period to determine the extent to which the Works, or elements of the Works, are impacted and to seek to agree in accordance with Framework Note, a grant of Ex Gratia Relief (as later defined).
In the event the Ex Gratia Closure Payment exceeds the amount determined as due to the Contractor in connection with such Site Closure Claim, the Contractor shall pay to the Employer the amount of such excess within ten days of such amount being demanded.
The reasonable, unavoidably incurred and vouched costs due to the closure of the Site in this Period has been calculated at €[Insert figure (if none agreed, insert 'Nil')] and the amount of the Ex Gratia Closure Payment agreed to be paid by the Employer is €[Insert figure (if none agreed, insert 'Nil')].
The Covid Closure Costs Notice shall set out, subject to the terms and conditions of this Covid-19 Site Closure Supplemental Agreement, the extent of the Ex Gratia Closure Payment for the period identified in the Covid Closure Notice.
It is acknowledged by the Contractor that, in the event that the Contractor is in breach of any of its commitments made in this Covid-19 Site Closure Supplemental Agreement and/or if any of the warranties and/or representations given by the Contractor in this Covid-19 Site Closure Supplemental Agreement are incorrect or untrue, the Employer has the right to a refund of the Ex Gratia Closure Payment already agreed.
The Contractor waives any claim and/or entitlement to interest for late payment of the Ex Gratia Closure Payment.
The Ex Gratia Closure Payment shall not be included in a certificate of the Employer's Representative and shall not be subject to retention.